Mexico keeps interest rates steady

Mexico keeps interest rates steady

Banco de Mexico held interest rates at 3.5% on Friday, in a decision expected by markets. A moderate recovery in the global economy , particularly the US, a resumption of capital flows to emerging markets amid greater certainty in financial markets, and growing Mexican exports influenced the decision, it said. “The central bank was more upbeat/constructive than expected on the outlook for domestic activity,” Goldman Sachs analysts said in a note following the decision. “While it recognizes that